(OTCQB: $SING) (NASDAQ: $BLDP) (TSX: $BLDP.TO) (NASDAQ: $FCEL) (NASDQ: $TSLA)
(NYSE: $TAN)- #RenewableEnergy #Stocks Roaring 2020 – How #Solar, #EV and #FuelCell
Stocks are Giving Investors Something to SING about
Point
Roberts WA, Delta BC, January 14, 2020 – Investorideas.com, a global news
source and leading investor resource covering cleantech and renewable energy stocks issues a sector
snapshot looking at how cleantech may be the sector to watch in 2020. Following
on a strong year in 2019, solar stocks, fuel cell stocks and EV stocks are also
leading the pack going into 2020.
Read the full article on Investorideas.com
featuring solar company, SinglePoint,
Inc. (OTCQB: SING) and other companies in the sector
According to ETF.com’s recent article (Lara Crigger),
“It's true that rising Iran-U.S. tensions have caused a spike in energy funds.
Astonishingly, however, the best-performing ETF of the past few weeks wasn't an
oil or a natural gas fund—but a renewable power one.
“Over the past 30 days, the SPDR S&P Kensho
Clean Power ETF rose 16.4%, more than any other non-leveraged, non-inverse
ETF.”
According to a report and outlook for 2020 by Deloitte, “For the first time ever, in April 2019, renewable energy
outpaced coal by providing 23 percent of US power generation, compared to
coal’s 20 percent share.1 In the first half of 2019, wind and solar
together accounted for approximately 50 percent of total US renewable
electricity generation, displacing hydroelectric power’s dominance.“
2019 saw the global hydrogen fuel sector add more
than 1GW of new capacity for the first time, according to a report by energy
consultancy E4tech.
According to EEI, there were 18
million ELECTRIC VEHICLES (EV’S) on the road in the U.S.as of March 31, 2019.
SinglePoint, Inc. (OTCQB: SING) and its solar
subsidiary, Direct Solar of America are seeing the strength in the sector
first-hand. In a recent update to shareholders, Greg Lambrecht, Founder and Chief Executive
Officer said, “The 2020 domestic Solar Market is showing continued signs of
riding a new tailwind driven by talks of a New Green Deal. We anticipate that
renewables will continue to be an important issue around the country, and plan
to focus the majority of our attention on growth in the solar and renewables
space.”
He also went on to state. “This year management has set an internal goal to surpass $10,000,000
in gross revenues, primarily by the Company’s subsidiary SinglePoint Direct
Solar LLC (“Direct Solar” doing business as Direct Solar of America). 2019 was
a great year for SinglePoint in terms of continued fundamental improvement,
setting the foundation for anticipated continued growth in 2020 and beyond. The
Company achieved some significant milestones this year; it became fully
reporting with the Securities and Exchange Commission, increased annual
revenue, and acquired a Fifty One Percent interest in Direct Solar. We will
continue to focus on creating shareholder value utilizing an acquisition
strategy looking for emerging growth companies that would benefit from exposure
and access to capital that a public company can provide.
Direct Solar now has over 60 people deployed across 11 states and 20
cities.
From 2017 to 2018 our gross revenue increased over 344% and is expected
to increase to approximately $3,000,000 (Three Million) in 2019 representing
our largest annual reported revenue in company history. In 2020 we expect this
revenue increase to continue as SinglePoint will benefit from a full operating
year of Direct Solar.”
Reflecting the strength of solar stocks, the Invesco
Solar ETF (NYSE: ARCA: TAN) just recently
hit a 52 week high. According to Zack’s Research the move was
based on this: “The highest-ever solar installation and the exemption of tariff
on one type of solar panels have supported the upside. Moreover, the solar
industry has been growing on a rebound in global solar demand, competitive
pricing and potential Chinese subsidies. Also, California’s initiative to make
solar panels essential to all new homes built in 2020 and beyond is helping the
solar industry.“
Top Holdings
| View All https://www.invesco.com/us/financial-products/etfs/product-detail?productId=ETF-TAN
Fund Holdings subject to change
|
Ticker
|
Company
|
% of Fund
|
|
SEDG
|
SolarEdge Technologies Inc
|
10.22
|
|
FSLR
|
First Solar Inc
|
8.74
|
|
ENPH
|
Enphase Energy Inc
|
7.59
|
|
968
|
Xinyi Solar Holdings Ltd
|
7.04
|
|
SSO
|
Scatec Solar ASA
|
5.64
|
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) has been on a
roar in 2020 as was one the top performers on the TSX in 2019. Ballard
zero-emission PEM fuel cells are enabling electrification of mobility,
including buses, commercial trucks, trains, marine vessels, passenger cars,
forklift trucks and UAVs. According to their presentation, “Fuel cell
technology is needed to achieve complete decarbonization of Transportation.”
In recent news, Randy MacEwen,
Ballard President and CEO said, “In less than 10 years, it will become cheaper
to run a fuel cell electric vehicle (FCEV) than it is to run a battery electric
vehicle (BEV) or an internal combustion engine (ICE) vehicle for certain
commercial applications.”
FuelCell Energy, Inc. (NASDAQ: FCEL) and Tesla (NASDAQ: TSLA) are both
holdings in the CNRG SPDR S&P Kensho Clean Power ETF, both showing strong performance and showing fuel
cell and EV’s are sectors to watch in 2020.
Tesla (NASDAQ: TSLA) just announced on January 3rd
“In the fourth quarter, we achieved record production of almost 105,000
vehicles and record deliveries of approximately 112,000 vehicles. In 2019,
we delivered approximately 367,500 vehicles, 50% more than the previous year
and in line with our full year guidance.”
|
|
Production
|
Deliveries
|
Subject to
lease accounting
|
|
|
Model S/X
|
17,933
|
19,450
|
14
|
%
|
|
Model 3
|
86,958
|
92,550
|
7
|
%
|
|
Total
|
104,891
|
112,000
|
8
|
%
|
“We continue to focus on expanding production in
both the US as well as our newly launched facility in Shanghai. Despite
breaking ground at Gigafactory Shanghai less than 12 months ago, we have
already produced just under 1,000 customer salable cars and have begun
deliveries. We have also demonstrated production run-rate capability of greater
than 3,000 units per week, excluding local battery pack production which began
in late December.”
Deloitte says, “The renewable
energy industry is primed to enter a new phase of growth driven largely by
increasing customer demand, cost competitiveness, innovation, and collaboration.
Companies that are ready to innovate, collaborate, and seize new opportunities
will likely thrive in a new phase of renewable growth.”
2020 renewable energy industry trends
Renewables’ costs
competitiveness ushers in a new era of competition
The door is ajar for new
offshore wind opportunities and may open wider in 2020
Growing resiliency
imperative may mean an increasing role for renewables and storage
Collaboration is key to
innovation in the renewable sector
Source https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/renewable-energy-outlook.html
Want to get more info on the sector? Visit the Cleantech and Climate Change Podcast page at Investorideas.com
Visit the renewable energy stocks directory: http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
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